Presenter: Deborah L. Crawford, gettechnical inc
Date: Wednesday, December 5, 2012
Time: 2:00 - 3:30 pm Central

Focus:
Many accountholders use trusts to plan for their estate, family, taxes, etc.  When opening these special accounts, you need to know about proper documentation, CIP, and account card responsibilities.  You must also understand the trustee(s) authority and duties and your credit union’s responsibility and liability.  This webinar will cover standard trust-opening procedures and many questions that arise as trusts and accountholder situations change.

What You Will Learn

• What is the difference between an informal and formal trust?
• How is CIP (Customer Identification Program) accomplished on a trust? 
• How are account card contracts styled and what disclosures are given?
• Is there a difference in how the account is opened depending on whether a trust is revocable or irrevocable?  Whose TIN is used?  Does it matter?
• Who are the key players in a trust?
• What happens if a trustee dies?  What documentation is needed and what happens if the trust becomes irrevocable?
• Who is the payee when depositing, opening, or closing a trust?
• Can there be a power-of-attorney with a trust?
• What happens if a trustee’s name changes?
• What if a financial institution closes?  How is the trust insured?
• How can a trust be set up with an existing accountholder?
• Should a trust have joint owners on the account?
• Can you have two trusts in one account set-up as joint WROS?
• Can trusts be amended, changed, or revoked?  What paperwork is involved?

Who Should Sign Up?
This informative session will be useful for new account representatives, member service representatives, branch administration, branch operations, branch managers, and anyone who opens trust accounts or handles trust transactions.

About the Presenter:
Deborah Crawford is the President of gettechnical inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation.  Her 27+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees. 

Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.